Binotto steps down as Ferrari team principal

Mattia Binotto resigned as Ferrari team principal after failed 2022 Formula 1 title bid, Ferrari said in a statement on Tuesday.

BREAKING: Mattia Binotto will leave his position as Ferrari team principal at the end of 2022#F1 pic.twitter.com/wVzdS12IcG

— Formula 1 (@F1) November 29, 2022

The 53-year-old, who had been at the helm of Ferrari since 2019, will leave his role on December 31, bringing a three-year reign at the head of Formula 1’s most famous team to an end, as well as a 28-year career in total having risen through the ranks.

Ferrari appeared to be in contention to end its long wait for titles after a strong start to the 2022 season but failed to win any of the final 11 races of the campaign amid a loss of performance and finished a distant second to Red Bull in the constructors’ championship.

“With the regret that this entails, I have decided to conclude my collaboration with Ferrari,” Binotto, who had previously insisted he was going to stay for 2023, said.

“I am leaving a company that I love, which I have been part of for 28 years, with the serenity that comes from the conviction that I have made every effort to achieve the objectives set.

“I leave a united and growing team. A strong team, ready, I’m sure, to achieve the highest goals, to which I wish all the best for the future. I think it is right to take this step at this time as hard as this decision has been for me.”